Sentences with phrase «refinancing applications fell»

Shown in the figure above, although refinancing applications fell significantly in response to higher rates in late 2016, and have declined over the September 2017 to January 2018 mortgage rate increase period, the decline in February was smaller compared to the extent of the rate increase in the same month and mostly offset the modest increase in January.

Refinancing applications fell by 1.3 percent.

The share of refinancing applications fell to the lowest level in a decade, and applications are now nearly 13 percent lower than a year ago, according to the MBA.

Refinancing applications fell 11.8 %.

Shown in the figure above, although refinancing applications fell significantly in response to higher rates in late 2016, and have declined over the September 2017 to January 2018 mortgage rate increase period, the decline in February was smaller compared to the extent of the rate increase in the same month and mostly offset the modest increase in January.

The MBA's seasonally adjusted index of refinancing applications fell 4.3 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, lost 6.1 percent.

Home purchase applications rose this week while refinance applications fell, following positive job market numbers.

Even as mortgage rates remained near 3 - year lows last week, refinance applications fell back 7 percent for the second week in a row, according to the Mortgage Bankers» Association.

Not exact matches

Applications to refinance a home loan, which usually fall when rates rise, eked out a 1 percent gain for the week and were nearly 2 percent higher than a year ago, when interest rates were lower.

Applications to refinance a home loan fell 0.3 percent last week and were 16 percent lower than a year ago.

The refinance share of total applications fell to 41.6 percent, the lowest since September 2008.

Applications to refinance a home loan fell even more, down 5 percent for the week, despite no change in interest rates.

Most of the drop stemmed from a continued reduction in refinance activity, but applications to purchase a home also fell.

FHA applications fell by 12.9 %, purchases declined by 28.1 %, and refinances declined by 13.4 %.

Last week, the Mortgage Bankers Association weekly mortgage applications survey showed that the overall refinance share of mortgage activity was waning, falling to 52.4 % of total applications from 53.9 % the previous week.

The refinance share of mortgage activity fell further, sinking to 52.8 % of total applications from 52.9 % the previous week.

«Refinance application volume fell last week,» Fratantoni said.

Refinance mortgage applications fell to a 38.4 % share, the lowest since September 2008.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 6.3 percent to the lowest level since December 2000.

«Refinance applications continued to wane, falling by nearly 3 percent and comprising the lowest share of refinance applications in our survey since OctoberRefinance applications continued to wane, falling by nearly 3 percent and comprising the lowest share of refinance applications in our survey since Octoberrefinance applications in our survey since October of 2008.

«Following the Federal Reserve's taper announcement, mortgage application volume dropped again last week, with rates increasing and refinance application volume falling to its lowest level since November 2008,» Mike Fratantoni, MBA's vice president of research and economics, said in a statement.

«Refinance application volume fell last week.

The rise in rates is projected to cause refinance applications to fall.

Refinance applications have been falling significantly over the last few weeks as interest rates have edged higher.

«Both purchase and refinance application activity fell last week, and the market composite index is at its lowest level since December 2000,» says Mike Fratantoni, MBA's Chief Economist.

Loan applications for refinancing and purchasing — a gauge for home loan requests — are both on the rise, amid falling mortgage rates, the Mortgage Bankers Association reports.